Getting a loan is hard these days no matter what your credit is and most of us don’t have perfect credit. A pawn loan, which you get from a pawn shop, is an alternative to the standard loan. Instead of using your credit as collateral, you bring something of value, such as jewelry, to a pawn shop where they appraise it and you get a loan based on what they determine the value of the object to be. You are then required to pay back the loan plus interest within a set amount of time. Once it is paid in full, you receive the item back. If you cannot or choose not to pay the balance of the loan, the pawn shop keeps the item.

The benefits of a pawn loan is that anyone with anything of value qualifies for this loan. There are no credit checks or income checks involved. There is also no chance of damaging your credit. Pawning is a better alternative to other fast cash options. Unlike selling, pawning allows you to reclaim your most valuable and treasured items and unlike payday loans, there is no risk to your future paychecks if you are unable to pay. The worse that can happen is that you lose possession of your item.

Pawn loans are fast and easy, same-day loans. If you’re facing an emergency and need instant cash, consider a loan from Monte de Piedad. Your first loan with Monte de Piedad is free up to $250. Receive up to $250 in cash and pay absolutely zero interest and fees for five months. Need cash today? In an hour? If you live in the Escondido and Greater San Diego area, visit Monte de Piedad with your jewelry, electronics, musical instruments and power tools to get the cash you need today.